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What GMP shows after the share allocation

The Latent View Analytics IPO allotment was announced yesterday and all eyes are now on the listing date, which is most likely November 23, 2021. The public issue is worth it 600 crore were subscribed to 326.49 times, which also boosted the morale of the gray market. According to market observers, shares in Latent View Analytics are priced at. available 350, which is around 75 percent higher than the price range of 190 tons 197 per share.

Latent View Analytics IPO GMP

According to market watchers, Latent View Analytics is IPO gray market premium (GMP) today 350 that is 10 lower from yesterday’s GMP of 360. Market watchers said such a drop in the gray market price of Latent View Analytics’ initial public offering was nothing to worry about for those who received Latent View Analytics shares through allotment, as it is still strong at a premium of around 75 Percent reflecting at the time of listing. They added that after the subscription is closed, the GMP of the public issue is going down but has moved further north in the case of Latent View Analytics’ IPO. They said this could h -pen because of the strong response from investors and the expected strong listing of the public offering.

What this GMP means

Market watchers said GMP is usually an unofficial estimate of the gray market in terms of listing profit from a public offering. How Latent View Analytics IPO GMP is today 350, it means the gray market expects the Latent View Analytics listing to be around 547 ( 197+ 350), which is around 75 percent higher than the upper price range of 197 per share.

Highlighting the fundamentals of the Latent View Analytics company; Astha Jain, research analyst at Hem Securities, said: “The company brings the issue in a price range of 190-197 per share with a P / E multiple of 38 after the issue of FY21 EPS (Earning Per Share). The company has a recognized leadership position in data and analytics with a broad range of skills and has deep and anchored relationships with blue chip customers in all industries and regions.

Disclaimer: The views and recommendations made above are those of an individual analyst or brokerage firm and not of Mint.

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